Dollar May Climb as Stronger Data Likely to Keep Fed From Cutting Rates

(Bloomberg) -- The dollar may gain on speculation
reports this week will show the world's biggest economy is
improving, making a Federal Reserve interest-rate cut less likely.

The U.S. currency last week reached a six-week high against
the euro and the strongest in three months versus the yen as
traders cut bets the Fed will reduce the cost of borrowing from
5.25 percent. Reports in the U.S. this week are likely to show
consumer confidence increased, employment growth accelerated and
home sales gained.


Read more at Bloomberg Currencies News